The Triumph of the Stupidly Optimistic

Finally, McKinsey Quarterly research that proves my speculation about sell-side analysts. More good work by Paul Kedrosky:

How many jobs are there where being wrongly optimistic for ages gets you promoted? I offer you … equity analysts, who have, on average, overestimated S&P 500 earnings by 2x for a generation.

[via HBR/McKinsey]

What do you think? (first time comments are moderated)

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s